Kellogg announces share repurchase authorization of up to $1.5B

Kellogg announced that its Board of Directors has approved a share repurchase authorization of up to $1.5B, under which the Company may buy back Kellogg shares at its discretion from January 1, 2023, through December 31, 2025. The Company uses buybacks as a way to offset dilution from options exercises and other stock grants, as well as to opportunistically return cash to share owners. Its previous $1.5 billion authorization expires on December 31, 2022.